ARTICLES ABOUT ADANI GROUP BY DATE - PAGE 2

NEW DELHI: Adani Group, JSW Steel and two other companies are in the race for a Rs 350-crore dredging project at Goa port, the first such scheme on PPP mode at a major port. "The government has decided to undertake the work for deepening of draft at Mormugao Port in Goa on PPP. Four firms -- Adani Ports, JSW Steel, Mercator Lines and Dharti Dredgers and Infrastructure-- have bid for it," a top official told PTI. The government will very soon take a final decision to select the bidder, the official said, adding that this is for the first time that the government is proceeding to go for dredging at any major port on public-private-partnership (PPP)

NEW DELHI: The allegations levelled by Jayanthi Natarajan prove the existence of "backseat and motivated driving" during the tenure of the UPA government, Adani Group Chairman Gautam Adani has claimed. "We are shocked and surprised by the revelations made by Ms.Jayanti Natarajan, Minister of Environment and Forest in UPA II, which indicate there was a back seat and motivated driving," Adani said, reacting to the press conference held by Natarajan in Chennai on Friday.

MUMBAI: Shares of Adani Enterprises surged nearly 10 per cent today after diversified Adani group announced demerger of all ports and power assets into two already listed firms. Following the announcement, Adani Enterprises' stock jumped 7.79 per cent to end at Rs 629.50 on the BSE. During the day, it surged 10.61 per cent to Rs 646 -- its 52-week high. At the NSE, it rose sharply by 9.87 per cent to settle at Rs 641. Shares of Adani Ports and Special Economic Zone fell by 0.90 per cent, while another listed firm Adani Power ended 0.68 per cent higher at the BSE. Under the multi-layered corporate restructuring scheme, approved by the boards of three listed firms today, the group would move away from its present 'holding company' structure and would instead have four independently listed entities for the four major business segments.

NEW DELHI: Adani Enterprises Ltd (AEL) today reported over six-fold increase in its consolidated net profit at Rs 443.85 crore for the quarter ended December 31, 2014 on the back of higher contribution from coal, ports and power businesses. The company's net profit in the corresponding quarter of the last fiscal was Rs 68.20 crore, Adani Enterprises said in a filing to BSE. "Overall performance has improved due to higher contribution from coal, ports and logistics and power businesses," Ameet Desai, CFO of Adani Group, said in a statement.

NEW DELHI: Labour and trade unions of Food Corporation of India, upset at the government's policies, which they think tend to favour the private sector, staged a demonstration in front of the FCI headquarters on Thursday, opposing the implementation of winding up of the corporation's activities in traditional procurement states, drastic reduction in coverage of National Food Security Act, etc. The unions are unhappy with the report submitted...

NEW DELHI: Adani Ports and Special Economic Zone today reported 13.66 per cent jump in consolidated net profit to Rs 512 crore for third quarter ended December 31, on the higher income. APSEZ, the country's largest port developer and part of Adani Group, had recorded net profit of Rs 450.51 crore in the October-December period of the previous fiscal. "Consolidated total income increased by 38 per cent to Rs 1,701 crore in Q3 FY15 as compared to Rs 1,236 crore in the corresponding quarter last year and consolidated EBIDTA (operating profit)

MUMBAI: Adani Enterprises, India's biggest private power producer and port owner, is taking giant strides in the energy sector - planning to make solar panels that can generate competitively priced electricity and investing in LNG sourcing and oil and gas exploration. It's agreed to set up a joint venture with SunEdison that will invest.Rs 25,000 crore, or $4 billion, to make India's biggest solar photovoltaic manufacturing facility and signed an accord with Australia's Woodside Energy in the oil and gas business.

GANDHINAGAR: Billionaire Gautam Adani-led Adani Group today announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020. The investment is on the top of Rs 25,000-crore spending the Group had announced on the first day of Vibrant Gujarat Summit here. "We are going to continue our investments in port sector. We will invest another Rs 20,000 crore over the next 5 years to add another 100 million tons capacity in Gujarat," he said at the Summit today.

MELBOURNE: Adani group chairman Gautam Adani and Australian mining giant Rio Tinto's CEO Sam Walsh have been appointed as the co-chair of the Australia-India CEO Forum. "I am extremely pleased that one of Australia's foremost businessmen, Sam Walsh, has agreed to take on this critical role while the Chairman of the Adani Group, Gautam Adani, would be the Indian co-chair," Australia's Trade and Investment Minister Andrew Robb said yesterday during his ongoing visit to India.

AHMEDABAD: Business conglomerate Adani Group has signed an agreement with Australian energy major Woodside for sourcing of LNG as well as cooperation in oil and gas exploration and production. "Adani Enterprises Ltd (AEL), the flagship company of Adani Group, a global infrastructure conglomerate, has signed a Memorandum of Understanding (MoU) with Australian energy major Woodside Energy for cooperation for exploring business opportunities across a broad spectrum in oil and gas sector in India, as part of the Vibrant Gujarat initiative," the company said in a statement here.